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Tuesday, 18 October 2016

Theme 2, 3 & 4: Will the pound's fall help the UK economy rise?

Larry Elliott's piece here in the Guardian looks at the implications of Brexit, both for the pound in the short-term and the whole economy in the longer term. He reiterates the view that the short-term implications of the weaker currency will change the emphasis within the UK economy.
However, as he points out, its longer term health is largely dependent upon the ability of the UK economy to adapt and adopt the structural reforms required to tackle its twin deficits. If we fail to do this, we've missed a genuine chance to rebalance the economy at a time which might permit seismic change.

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